Pubs, Bars & Clubs News – Page 313
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New Pub Co returns to expansion trail
Multiple operator Peter Linacre is taking on his first new sites since 2009 which will become the eighth and ninth for his New Pub Company estate
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NewsGreene King launches Metropolitan brewing brand
Greene King has launched a range of beers under a new Metropolitan Brewing Company brand
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Pivovar to open in Manchester and Birmingham
Pivovar, the craft beer pub operator and beer importer, has lined up new sites in Birmingham and Manchester to open at the end of the first quarter 2015 to bring its estate to nine, M&C Report learnt
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Drake & Morgan appoints ops director
Drake & Morgan, the Bowmark Capital-backed bar group, has appointed Dylan Murray, formerly of Soho House, as its operations director
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Analyst corner: Nick Batram on Spirit
Under the heading “Greene with envy” Nick Batram at Peel Hunt looks at the upcoming full-year update from Spirit
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Davy's unveils its future wine bar model
Davy’s, the historic London wine bar group, has completed a major refurbishment of its Holborn site which marks the start of estate-wide plans to modernise its wine bars, M&C Report has learnt
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NewsCerberus sells eight-strong pub portfolio for £54m
TIAA Henderson Real Estate has acquired a portfolio of eight central London-based freehold pubs, all let to Spirit Pub Company, from Cerberus Capital Management for £54m
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Golfrate acquires 11-strong pub portfolio
Golfrate, the London-based property management company, has acquired an 11-strong package of pubs, the majority of which are owned by Punch Taverns, in a deal funded by a new £20m loan
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BBPA warns of unlawful rent assessments in statutory code
The Government’s inclusion of parallel rent assessments in the pub statutory code risks being unlawful if it means an adjudicator could use them as a basis to determine rent, British Beer & Pub Association (BBPA) policy director Andy Tighe has warned
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ETM consolidates estate
ETM Group is in the process of consolidating its estate, as it gears up to open in south Ealing
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NewsSeparate categories for pubs and restaurants on TripAdvisor ‘is coming’
The long-awaited separation of pubs and restaurants on TripAdvisor is “on its way”, a senior figure in the company has promised
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Inclusion of parallel rent assessments could be unlawful
The Government’s inclusion of parallel rent assessments in the pub statutory code risks being unlawful if it means an adjudicator could use them as a basis to determine rent
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SmartDispense to be rolled-out to 50% of Star pubs
Star Pubs & Bars, the Heineken owned leased pub operator, is installing its SmartDispense draught cooling systems in 50% of its 1,100 strong estate by the end of 2016
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Ex-Rushmore manager opens second bar
Durham Atkinson , the former general manager of Rushmore Group’s Milk & Honey members club in London’s Soho has opened his second London venue, a cocktail bar called High Water in Dalston, M&C Report has learnt
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NewsYoung’s completes 580 Group deal
Young’s has completed the acquisition of 580 Limited, the operator of four pubs in prime London locations, for £10.4m
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NewsSpirit to sell Earls Court pub for c£15m
Spirit Pub Company is close to completing the sale of its Prince of Wales pub to Capital & Counties Properties PLC (Capco), in a deal valued at c£15m
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NewsStar Pubs ends disposal programme
Star Pub & Bars has reassured its lessees that the sale this month of 111 pubs to Admiral is the end of the company’s disposal programme
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Punch and Admiral rule out managed move
Punch Taverns and Admiral Taverns have both ruled out introducing managed divisions alongside their leased and tenanted estates
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NewsPunch tenants say pubco ‘must change’
Punch Taverns bosses have reiterated that it is “business as usual” following the long-awaited completion of its financial restructuring, despite demands for a corresponding rebalancing of its relationship with tenants
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Orange Tree branches out with craft beer bar
Independent pub operator, The Orange Tree, has converted its Leicester pub, the Obar, into a craft beer bar following refurbishment